Laxmi India Finance IPO set for debut today. Check GMP ahead of listing
Laxmi India Finance, a Jaipur-based NBFC specializing in MSME and vehicle loans, is set to debut on the stock market on Tuesday. The IPO, priced at Rs 158, saw a subscription of 1.86 times, with strong retail participation. While analysts view the stock as fairly valued, its regional focus and leverage warrant consideration.
Positive Breakout: These 8 stocks cross above their 200 DMAs
Eight stocks from the Nifty200 pack closed above their 200-day Daily Moving Averages (DMA) on August 4, as per StockEdge.com’s technical scan data. The 200-DMA is a key trend indicator used by traders to assess the broader direction of a stock. When a stock’s price moves above this level on a daily chart, it is […]
Aditya Infotech IPO set to list today. GMP at 45% signals robust debut
Aditya Infotech, India’s largest video surveillance products company, is set to debut on the stock exchanges with a strong grey market premium of Rs 300, signaling positive investor sentiment. The IPO, which was oversubscribed by 106.23 times, saw significant interest from institutional and HNI investors. The company plans to use the IPO proceeds for debt […]
Asian stocks rise after dip-buyers fuel US rally
Asian stocks experienced gains following a wave of dip buying and optimism surrounding potential interest-rate cuts, mirroring the S&P 500’s significant rally. Investors are balancing robust corporate earnings with expectations of Federal Reserve easing, while monitoring tariff and trade developments. Despite warnings of a potential pullback, positive earnings reports and hopes for rate cuts are […]
SEBI proposes revision of RPT rules to ease compliance for listed firms
SEBI proposed revisions to related party transaction (RPT) rules, easing compliance for listed firms. The regulator suggested turnover-based thresholds to determine ‘material’ RPTs requiring shareholder approval, replacing the current ₹1,000 crore or 10% of turnover limit. This aims to address the ‘one-size-fits-all’ approach, especially for high-turnover companies.
Capri Global Capital reports Rs 175 crore net profit despite rise in bad loan provisions
Capri Global Capital witnessed a significant surge in net profit, more than doubling to ₹175 crore year-on-year. However, the profit experienced a slight dip of 2% compared to the previous quarter. This decline was attributed to a substantial increase in provisions for bad loans, with loan impairment costs rising significantly due to an increase in […]
Aditya Birla Capital net profit up 3% on asset boost
Aditya Birla Capital’s standalone net profit increased by 3% to ₹676 crore. This is for the quarter ended June 2025. Assets under management grew by 22% to ₹1.31 lakh crore. The NBFC business saw an 18% rise in disbursements. Consolidated net profit also rose by 10% to ₹835 crore.
Tata Capital files for IPO, marks next big move by Tata Group
Tata Capital, the Tata Group’s NBFC, has filed for an IPO to raise funds and meet RBI’s listing requirements for upper-layer NBFCs by September 2025. The IPO includes a fresh issue of 210 million shares and an offer for sale of 265.8 million shares by existing shareholders like Tata Sons and IFC.
RBI approves Rajiv Anand as MD & CEO of IndusInd Bank
The Reserve Bank of India has approved Rajiv Anand’s appointment as MD & CEO of IndusInd Bank, effective August 25, for a three-year term. Anand, formerly Deputy Managing Director at Axis Bank, brings over 35 years of financial services experience. His appointment follows Sumant Khatpalia’s exit due to an accounting discrepancy.
Tata Motors, Yes Bank, Vodafone Idea now India’s most widely held stocks
Tata Motors, Yes Bank, and Vodafone Idea are now India’s most widely held stocks. They replaced Reliance Power, Reliance Industries, and SBI. Tata Motors leads with over 67.5 lakh shareholders. Yes Bank follows with 63.5 lakh. Vodafone Idea’s count jumped significantly. Retail investors are drawn to these companies for various reasons.